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NASDAQ:ARCC

Ares Capital Stock Forecast, Price & News

$16.81
+0.33 (+2.00 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$16.48
Now: $16.81
$16.91
50-Day Range
$13.82
MA: $15.01
$16.86
52-Week Range
$7.90
Now: $16.81
$19.33
Volume3.27 million shs
Average Volume3.02 million shs
Market Capitalization$7.10 billion
P/E Ratio22.41
Dividend Yield9.71%
Beta1.15
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
Ares Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:ARCC
CUSIP04010L10
Phone212-750-7300
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.96 per share
Book Value$16.48 per share

Profitability

Net Income$793 million

Miscellaneous

Market Cap$7.10 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$16.81
+0.33 (+2.00 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ares Capital (NASDAQ:ARCC) Frequently Asked Questions

How has Ares Capital's stock been impacted by Coronavirus?

Ares Capital's stock was trading at $15.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ARCC shares have increased by 5.7% and is now trading at $16.81.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ares Capital?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ares Capital
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ares Capital?

Wall Street analysts have given Ares Capital a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ares Capital wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Ares Capital's next earnings date?

Ares Capital is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Ares Capital
.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) issued its quarterly earnings data on Sunday, November, 1st. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The investment management company had revenue of $352 million for the quarter, compared to analyst estimates of $343.90 million. Ares Capital had a net margin of 21.28% and a return on equity of 10.05%. The company's revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS.
View Ares Capital's earnings history
.

How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?

Ares Capital announced a quarterly dividend on Wednesday, October 28th. Investors of record on Tuesday, December 15th will be given a dividend of $0.40 per share on Wednesday, December 30th. This represents a $1.60 annualized dividend and a dividend yield of 9.52%. The ex-dividend date of this dividend is Monday, December 14th.
View Ares Capital's dividend history
.

What price target have analysts set for ARCC?

9 analysts have issued 1 year price objectives for Ares Capital's shares. Their forecasts range from $15.00 to $17.00. On average, they anticipate Ares Capital's stock price to reach $15.86 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for Ares Capital
.

Who are some of Ares Capital's key competitors?

What other stocks do shareholders of Ares Capital own?

Who are Ares Capital's key executives?

Ares Capital's management team includes the following people:
  • Mr. Michael J. Arougheti, Co-Chairman & Exec. VP (Age 48)
  • Mr. Bennett Rosenthal, Co-Founder & Co-Chairman (Age 57)
  • Mr. Robert Kipp DeVeer III, CEO & Director (Age 47)
  • Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 53)
  • Mr. Michael Lewis Smith, Co-Pres (Age 49)
  • Ms. Penelope F. Roll, Chief Financial Officer (Age 54)
  • Mr. Scott C. Lem, Chief Accounting Officer, VP & Treasurer (Age 42)
  • Mr. John W. Stilmar, Managing Director of IR
  • Mr. Joshua M. Bloomstein J.D., VP, Gen. Counsel & Sec. (Age 46)
  • Ms. Lisa A. Morgan, Chief Compliance Officer (Age 44)

What is Ares Capital's stock symbol?

Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."

Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a number of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (1.05%), Lord Abbett & CO. LLC (0.68%), Arrowstreet Capital Limited Partnership (0.50%), Alps Advisors Inc. (0.50%), Muzinich & Co. Inc. (0.48%) and LGT Capital Partners LTD. (0.42%). Company insiders that own Ares Capital stock include Bates Ann Torre, Daniel G Kelly, Jr, Joshua M Bloomstein, Michael J Arougheti, Michael K Parks, Michael Lewis Smith, Penelope F Roll, R Kipp Deveer, Robert L Rosen, Steve Bartlett and Steven B Mckeever.
View institutional ownership trends for Ares Capital
.

Which institutional investors are selling Ares Capital stock?

ARCC stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, BNP Paribas Arbitrage SA, Morgan Dempsey Capital Management LLC, Baltimore Washington Financial Advisors Inc., Nicola Wealth Management LTD., Confluence Investment Management LLC, Muzinich & Co. Inc., and Skandinaviska Enskilda Banken AB publ.
View insider buying and selling activity for Ares Capital
.

Which institutional investors are buying Ares Capital stock?

ARCC stock was bought by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Great West Life Assurance Co. Can, Standard Life Aberdeen plc, Kestra Advisory Services LLC, Punch & Associates Investment Management Inc., EWG Elevate Inc., Transcend Wealth Collective LLC, and Kathmere Capital Management LLC. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Daniel G Kelly, Jr, Joshua M Bloomstein, Michael J Arougheti, Michael K Parks, Michael Lewis Smith, Penelope F Roll, R Kipp Deveer, Robert L Rosen, Steve Bartlett, and Steven B Mckeever.
View insider buying and selling activity for Ares Capital
.

How do I buy shares of Ares Capital?

Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $16.81.

How big of a company is Ares Capital?

Ares Capital has a market capitalization of $7.10 billion and generates $1.53 billion in revenue each year. The investment management company earns $793 million in net income (profit) each year or $1.89 on an earnings per share basis.

What is Ares Capital's official website?

The official website for Ares Capital is www.arescapitalcorp.com.

How can I contact Ares Capital?

Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected]

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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